RLLCF - Rolls-Royce Holdings plc

Other OTC - Other OTC Delayed Price. Currency in USD
0.0060
0.0000 (0.00%)
As of 2:00PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.0060
Open0.0060
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0055 - 0.0060
52 Week Range0.0011 - 0.0300
Volume2,792,445
Avg. Volume5,641,617
Market Cap130.804B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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      Rolls-Royce Has Been a Mess. One Firm Says It’s Time to Stop Shorting.

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    • Reuters

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    • Bloomberg

      Rolls-Royce Explores Fundraising Options Amid Downturn

      (Bloomberg) -- Rolls-Royce Holdings Plc, the British jet-engine maker, is exploring options to raise funds that would help fortify the company against a downturn in the aerospace industry.The London-based company is in the early stages of reviewing a range of options to strengthen its balance sheet, it said in a statement Friday, confirming a Bloomberg News report.“No decisions have been made,” Rolls-Royce said. “Our current financial position and liquidity remain strong.”Rolls-Royce is examining possibilities including selling shares and divesting assets, people familiar with the matter said, asking not to be identified because the information is private. Its ITP Aero unit is one potential disposal being studied, the people said.The company could seek about 1.5 billion pounds ($1.9 billion) to 2 billion pounds if it decides to proceed with an equity offering, the people said. It hasn’t discussed precise figures and details could change, they said.The U.K. company makes engines for wide-body aircraft, leaving it particularly exposed to fallout from the coronavirus pandemic that’s roiled global travel. While Rolls-Royce has no immediate liquidity issue, the long-haul aircraft market it serves isn’t expected to rebound until at least 2023, according to the International Air Transport Association.Job CutsShares of Rolls-Royce extended losses after the Bloomberg report, falling as much as 12%. They were down 10% as of 4:26 p.m. Friday in London, bringing the year’s drop to more than 60% and reducing the manufacturer’s market value to around 5.1 billion pounds.About half of Rolls-Royce’s revenue comes from its civil aerospace business, according to data compiled by Bloomberg. The grim outlook for industry led S&P Global Ratings to downgrade Rolls-Royce’s credit rating to junk at the end of May, a move which can raise a company’s borrowing costs and lock out certain lenders.The company had 7.4 billion pounds of available liquidity as of June, including 300 million pounds from the U.K.’s Covid Corporate Financing Facility and a 1.9 billion-pound revolving credit facility.Still, its cash receipts for the first half are likely to be significantly lower than normal, as the engine flying hours that traditionally bring in maintenance revenue dropped because of the pandemic.Covid FinancingsRolls-Royce would join discount carrier EasyJet Plc, publisher Informa Plc and online grocer Ocado Group Plc in seeking to sell new stock during the crisis. London-listed companies have raised $18.1 billion in follow-on equity offerings this year, according to data compiled by Bloomberg.Companies are also ripping out costs to cut cash outflows. Rolls-Royce said last month it planned to eliminate 3,000 jobs in the U.K. this year, the first wave of cuts that could ultimately see the company emerge from the downturn a much smaller business.They’re part of the 9,000 global reductions the company announced in May, when it became clear how the Covid-19 crisis is undermining demand for new aircraft.In all, European aerospace manufacturers have set plans to eliminate some 33,000 jobs since the pandemic hit, based on a Bloomberg tally.Manufacturing HealthU.K. manufacturers have raised the alarm about the health of industry. The Make UK trade body warned on Friday that more permanent jobs are at risk after a furlough plan ends in October. JPMorgan Chase & Co. said in May that Rolls-Royce would need to “significantly reinforce” its balance sheet in the coming months. The company is likely to take action after announcing its first-half results and could consider options including material disposals or equity issuance, analysts led by David Perry wrote in a May 18 research report.(Updates with manufacturing group warning in second-to-last paragraph; updates shares. An earlier version of this story corrected the amount of the 1.9 billion-pound credit line)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    • Reuters

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    • Rolls-Royce shares slump as hedge fund sells stake
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      Rolls-Royce shares slump as hedge fund sells stake

      Rolls-Royce was the worst performing of the U.K. blue chips on Thursday, as a hedge fund sold its stake in the engine maker.

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    • Rolls-Royce to cut 9,000 jobs as aviation reels
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    • Barrons.com

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    • Rolls-Royce to cut 9,000 jobs amid air travel slump
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      Rolls-Royce will cut at least 9,000 jobs and could shut some of its factories. The jet-engine maker made the announcement Wednesday (May 20), and said the cuts were to cope with a severe decline in air travel. Aerospace engineering is the key part of Rolls-Royce business. It supplies engines to both Boeing and Airbus, and is paid by airlines based on how many hours they fly. Its earnings are thus certain to take a hit if air travel demand takes years to recover from the global health crisis. Rolls-Royce relies on aerospace for just over half its annual revenues. In 2019, that totalled around 15 billion pounds – or $18 billion. The company said the job cuts would mostly be in its civil aerospace unit, and could generate annual cost savings of around $1.6 billion. CEO Warren East indicated the majority of jobs cuts will be in the UK where most of its aerospace employees are based. In total, Rolls-Royce hires 52,000 people worldwide and stands to lose 17% of its workforce after Wednesday’s announcement.

    • Barrons.com

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      British aircraft-engine maker Rolls-Royce Holdings had turned the corner after a number of problems. But the impact of coronavirus has caused the stock to plunge.

    • Investing.com

      Morgan Stanley Sticks to Their Hold Rating for Rolls-Royce Holdings plc

      Morgan Stanley (NYSE:MS) analyst Andrew Humphrey maintained a Hold rating on Rolls-Royce (OTC:RYCEY) Holdings plc on Sunday, setting a price target of £4.6, which is approximately 24.32% above the present share price of $3.7.

    • Reuters

      PRESS DIGEST- British Business - May 8

      The following are the top stories on the business pages of British newspapers. Telefónica SA, the Spanish owner of O2, and Liberty Global Plc, that owns Virgin Media, have agreed to a 31 billion pounds ($38.42 billion) deal to merge their two UK operating businesses. British Banks stand to lose 80 billion pounds due to the coronavirus crisis but will be able to withstand because of their high levels of capital, the Bank of England said on Thursday.

    • Rolls-Royce signals job cuts as lowers engine output forecast
      Reuters

      Rolls-Royce signals job cuts as lowers engine output forecast

      A source close to Rolls-Royce, one Britain's best known industrial names and one of the world's main producers of jet engines for airliners, told Reuters last week that it was looking at cutting up to 15% of its 52,000 strong workforce. "We have promised to give our people further details of the impact of the current situation on the size of our workforce before the end of this month and will consult with affected employees in due course," Rolls-Royce said. Shares in Rolls-Royce, which said in a statement it had furloughed 4,000 staff in Britain, were down as much as 3.6% at 283 pence in early trading.

    • Reuters

      UK will only consider support for individual aero firms as a last resort - minister

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      Travel stocks slump in London as FTSE 100 slips

      U.K.-listed travel stocks slumped on Monday, with the sector continuing to feel the pressure on concerns that demand won’t soon return to normal even after the coronavirus shutdown eases.

    • Reuters

      UK wants to support strategic aviation sector in any way it can- minister

      Britain will support the strategic aviation industry in "any way it can" as the sector suffers from the coronavirus pandemic which has grounded planes and seen carriers seek government support around the world. "The aviation industry is both an extremely important one strategically for us as a country and one which employs a great deal of people," housing minister Robert Jenrick said on Saturday.